Correction: Fundusz Rozwoju i Promocji Wojewodztwa Wielkopolskiego – Ratings Affirmed

6 July 2026

(This announcement replaces the version published on 3 July 2026 to include incorrectly omitted information on previous rating dates and solicitation status)

Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long- and Short-Term Ratings on the Poland National Scale of Fundusz Rozwoju i Promocji Wojewodztwa Wielkopolskiego SA (FRiPWW or the Fund) at ‘plBBB+’ and ‘plA2’, respectively. The Outlook for the ratings remains Stable.

FRiPWW’s credit profile is supported by sound financial performance, underpinning a steady capital buffer and risk reserve accumulation through full profit retention. Nevertheless, these strengths are insufficient to offset rising guarantee leverage and elevated risk exposure generated by rapid portfolio expansion. Guarantee growth has fundamentally exceeded internal capital generation, resulting in a record-high net guarantee leverage ratio (NGLR), while a declining share of re-guarantees has increased the net…